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global banks expand wealth management in india amid rising millionaire class

HSBC and UBS are expanding their wealth management operations in India, driven by a surge in new millionaires following a record year of IPOs. UBS is reportedly seeking to acquire shares in 360 ONE, while HSBC plans to nearly double its branches, targeting cities with growing wealth. The wealth management sector is projected to see significant growth, with the number of individuals worth over $30 million expected to rise sharply in the coming years.
@FinancialTimes
Indian Rupee United States Dollar Kotak Mahindra Bank FUT, March Knight Frank LLP Motilal Oswal Financial Services Limited Blackstone Inc. IND Akash Hariani Rajesh Saluja Gautami Gavankar Yatin Shah Sandeep Batra Roula Khalaf Show more
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06:00 17.03.2025
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